ListedSMEPIOTEX

Piotex Industries Limited

Piotex Industries Limited is an SME IPO raising ₹14 Cr at a fixed price of ₹94 a share. It listed on 17 May 2024 and trades at ₹22 today, −76.6% against its issue price of ₹94. The exchanges never published a subscription figure for it.

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₹94

Issue price

₹22

Price now

−76.6%

Since issue price

17 May 2024

Listed on

Not publishedSubscription

The exchanges never published a subscription figure for this issue.

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Issue price (fixed)₹94

Cut-off price₹94

Issue size₹14 Cr

Shares per lot1200

Minimum application₹1,12,800

Minimum quantity1200

Face value₹10

Listing exchanges—

ISININE0R4W01015

Bidding hours10:00 – 17:00 IST

Bidding window10 May 2024 – 14 May 2024

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.